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Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: With due respect, the witness is spending a very valuable afternoon of his time here. I know the Revenue Commissioners are pressed for time. I am just detailing what would be helpful and perhaps we could have it two or three days beforehand. We are not resourced on this committee and it is brand new. The amount of information we can get is less than what has been my experience in other...

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: Let us be honest, that was when they were still on their knees, to so speak, and it was meant to be a stimulus. I am asking about now, not then.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: I do not agree. It is a stream of income which is identified legally in a particular way. In that sense, it is a different type of stream of income, just as a farmer or a landlord has a stream of income. The principle underlying it in taxation terms is that it is a stream of income and, as such, it is possible to address potential changes. From the point of view of this committee, we are...

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: With due respect to Mr. Hession, I am talking about two particular classes of business. I am referring to banks and financial institutions, once they start to become reasonably profitable again, producing some taxes in terms of corporation profits tax. Mr. Howard might tell us the scale of the build-up of losses and the value of the build-up. It is enormous.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: Elsewhere in Mr. Howard's notes he says the losses were such that I believe over €2 billion was availed of in 2015.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: I presume 2015 was possibly the first year in which the banks had returned to major profitability.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: From what we read in the newspapers. It would be helpful to us if we could examine the policy options for the budget, bearing in mind Mr. McCarthy's remarks about stability which are very important. The implication of his remarks is that we will actually be starved of capital investment, unless there is significant development of PPPs off balance sheet, about which EUROSTAT seems to be...

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: Mr. McCarthy's observations are very important because it is a very tight definition. We will not finish too many roads to Sligo and other places around the country. Perhaps the delegates might describe what the implications will be in the run-up to the budget. The fact of the matter which is part of a wider argument in the European Union is that countries can borrow, effectively, at a...

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: We are talking about that also. We are also listening to the chambers of commerce and practically the whole country. Understandably, they have one mantra, which is about infrastructure.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: Can I ask another question, also on future information? Obviously, all of this could be even more severely impacted by the risk factors associated with Brexit outcomes. I am sure the delegates have been having conversations in this regard in detail. It would be helpful if they outlined their thoughts on this, alongside their more detailed thoughts on capital expenditure.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: I have a brief statistical question. It was stated there were over 10,000 companies covered by the large cases division. Could I have a breakdown of their effective corporation tax rates? I acknowledge there may be a difficulty given that specific companies cannot be identified. When the story broke about Apple, the point was that its effective tax rate, irrespective of how it was...

Ceisteanna - Questions: Brexit Issues (20 Jun 2017)

Joan Burton: 9. To ask the Taoiseach when the special paper on Brexit will be published. [25978/17]

Ceisteanna - Questions: Brexit Issues (20 Jun 2017)

Joan Burton: In the Taoiseach's recent manifesto for voters in the Fine Gael leadership election he referred to holding special day-long Cabinet meetings a number of times a year. Of all the issues we face on the island of Ireland, Brexit must be one of the most significant because of the implications for employment, not only in the North but also particularly in the South. In the case of the South, The...

Ceisteanna - Questions: Brexit Issues (20 Jun 2017)

Joan Burton: Courage to Take Us Forward by Leo Varadkar. I apologise - it was a paper.

Ceisteanna - Questions: Brexit Issues (20 Jun 2017)

Joan Burton: Will one of the meetings be about Brexit?

Ceisteanna - Questions (Resumed) - Other Questions: Post Office Network (20 Jun 2017)

Joan Burton: 61. To ask the Minister for Arts, Heritage and the Gaeltacht if she will report on her Department's work with An Post and the Irish Postmasters' Union regarding the implementation of point 20 of the Action Plan for Rural Development; and if she will make a statement on the matter. [27513/17]

Ceisteanna - Questions (Resumed) - Other Questions: Post Office Network (20 Jun 2017)

Joan Burton: I congratulate Deputy Michael Ring on being appointed to his ministry. I recall a very heated debate not too long ago when the subject of who was responsible for the post offices at the Cabinet, at the level of Minister or Minister of State, exercised a particular passion on the part of the then Minister of State, Deputy Michael Ring, and the Minister for Communications, Climate Action and...

Ceisteanna - Questions (Resumed) - Other Questions: Post Office Network (20 Jun 2017)

Joan Burton: When the Minister transferred responsibility for the post office network back to the Minister, Deputy Denis Naughten, notwithstanding the fact that he is now the Minister responsible for rural affairs, he washed his hands of the post office, other than to say God speed and that he will watch how the progress goes. We know from the Kerr report that half the post offices in this country are...

Ceisteanna - Questions (Resumed) - Other Questions: Post Office Network (20 Jun 2017)

Joan Burton: Everybody knows that one of the weakest links in the chain of the protection of rural Ireland is the future viability of post offices. I think we are all agreed on that issue.

Ceisteanna - Questions (Resumed) - Other Questions: Post Office Network (20 Jun 2017)

Joan Burton: I worked might and main to ensure that only a very small number of post offices closed during the period when the Labour Party was in government. The Minister has still not answered the principal question. The view has been given by post office management and by the Kerr report that half the post offices in the country are not commercially viable. That means that up to 500 post offices or...

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